SEC Form 4 · accession 0001214659-15-002099

LINCOLN NATIONAL CORP · LNC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Dennis R Glass

Officer — President & CEO · Director

Period of report

Mar 6, 2015

Accepted (ET)

Mar 9, 2015 · 4:11 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000059558

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Mar 6, 2015	M	278,103	$53.6035	A	954,403	D
Common Stock	Mar 6, 2015	M	134,283	$30.64	A	1,088,686	D
Common Stock	Mar 6, 2015	M	164,085	$24.99	A	1,252,771	D
Common Stock	Mar 6, 2015	S	278,103	$59.00	D	974,668	D
Common Stock^F1	Mar 6, 2015	S	111,683	$59.2731	D	862,985	D
Common Stock^F2	Mar 6, 2015	S	22,600	$60.1938	D	840,385	D
Common Stock^F3	Mar 6, 2015	S	140,065	$59.1988	D	700,320	D
Common Stock^F4	Mar 6, 2015	S	24,020	$60.1307	D	676,300	D
Common Stock^F5	holding	—	—		—	1,178	I	By 401(k)

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Common Stock^F6	$53.6035	Mar 6, 2015	M	278,103	D	—	Feb 12, 2016	Common Stock	278,103	0	D
Common Stock^F7	$30.64	Mar 6, 2015	M	134,283	D	—	Feb 23, 2021	Common Stock	134,283	0	D
Common Stock^F8	$24.99	Mar 6, 2015	M	164,085	D	—	Feb 22, 2022	Common Stock	164,085	82,044	D

Explanation of responses

F1The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $59.00 to $59.97, inclusive. The reporting person undertakes to provide Lincoln National Corporation, any security holder of Lincoln National Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 1 to this Form.
F2The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $60.00 to $60.43, inclusive. The reporting person undertakes to provide Lincoln National Corporation, any security holder of Lincoln National Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 2 to this Form.
F3The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $59.00 to $59.97, inclusive. The reporting person undertakes to provide Lincoln National Corporation, any security holder of Lincoln National Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 3 to this Form.
F4The price reported in Column 4 is a weighted price. These shares were sold in multiple transactions at prices ranging from $60.00 to $60.36, inclusive. The reporting person undertakes to provide Lincoln National Corporation, any security holder of Lincoln National Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 4 to this Form.
F5Represents routine transactions in the Company's 401(k) Plan from 2/2/2015 to 3/2/2015.
F6The option vested in three equal installments on February 12, 2007, 2008 and 2009.
F7The option vested in three equal installments on February 23, 2012, 2013 and 2014.
F8The option vested in three equal installments on February 22, 2013, 2014 and 2015.